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20100901
20100930
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KQED (PBS) 8
WETA 8
KQEH (PBS) 4
WMPT (PBS) 4
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English 24
Search Results 0 to 23 of about 24 (some duplicates have been removed)
PBS
Sep 16, 2010 7:00pm PDT
and doesn't help the u.s. economic recovery. but geithner said he was not prepared to label china a "currency manipulator" under u.s. law. >> tom: that reluctance was all too familiar to members of congress, and they grilled geithner with hostile questions. darren gersh reports. >> reporter: even the senators grilling the treasury secretary today admit hearings on china's overvalued currency have become something of a ritual over the years. it begins with the expression of outrage from senators like new york's charles schumer. >> at a time when the u.s. economy is trying to pick itself up off the ground, china's currency manipulation is like a boot to the throat of our recovery. and this administration refuses to try to take that boot off our neck. >> reporter: then, it's the treasury secretary's turn to share concern, to offer tougher rhetoric, and then to explain that declaring china a currency manipulator under the current law will do little more than require more consultations, as treasury secretary geithner explained today. >> wishing something does not make it so, and issuin
PBS
Sep 20, 2010 7:00pm PDT
. >> reporter: vincent reinhart used to help the fed meet its dual mandate as a senior policy adviser. with unemployment at close to 10%, he says it's clear the economy isn't operating anywhere close to maximum employment, which is closer to 5%. and what about price stability? indicators of core inflation are under 1%, with many prices flat or falling. but that isn't the same as price stability. >> it's possible to have too much of a good thing. >> reporter: why? because periods of high unemployment tend to push prices down and prices are not stable when they are rising or falling too much. >> as inflation starts falling and maybe even veering into deflation, the real value of what you have to pay back goes up and up and up. so it's harder for people who borrow, including the u.s. government, in that regard. >> reporter: with the fed failing to meet either of its mandates, economist josh bivens says the conclusion is clear. >> you're missing both mandates, but in the same direction for once. we're not acting aggressively enough to drive down unemployment, and we're not even acting agg
PBS
Sep 7, 2010 7:00pm PDT
, and thanks for joining us. too little too late. susie, that's the initial reaction from some business leaders to president obama's latest proposal to give tax breaks for businesses. >> susie: tom, the president will detail the plan tomorrow in cleveland. he's proposing that companies write off 100% of their investments in plants and equipment through next year. >> tom: the administration estimates the plan would cut business taxes by about $200 billion over the next two years. for some businesses, this "expensing" proposal could amount to a half-off sale on new equipment. darren gersh reports. >> reporter: you've probably heard about all those businesses sitting on their money, waiting for things to get better. the president's expensing plan could give executives an incentive to make a big purchase, says small business advocate todd mccracken. >> and what that does is it uses up a lot of extra cash that especially a lot of big companies seem to have right now bur that they're not using, they're not investing. and that has the potential to create jobs. >> reporter: but business groups are luke
PBS
Sep 17, 2010 7:00pm PDT
from viewers like you. captioning sponsored by wpbt >> tom: good evening, and thanks for joining us. susie gharib is off tonight. i'm joined by my colleague suzanne pratt. gold prices have never been this high, suzanne, topping $1,277 an ounce in today's trading. >> suzanne: tom, gold's not the only metal shining on wall street. silver is at a 30-year high, closing at $20.82 an ounce. >> tom: been quite some rally, but the high prices metals are getting aren't scaring off buyers. as scott gurvey reports, the big rally in metals is expected to continue. >> reporter: five records in six weeks. it seems all that glitters on the futures exchanges are contracts in gold. analysts at goldman sachs, the royal bank of scotland and deutsche bank all published research notes making the case for the yellow metal today. analyst jim steel at h.s.b.c. says there are many reasons to expect the trend to continue. >> we still have a lot of financial market fragility, a lot of uncertainty about the economy going forward. we've had the reintroduction of quantitative easing, and we've also had a lot of
Search Results 0 to 23 of about 24 (some duplicates have been removed)